Part 5/11:
- Asset inflation fueled by wealth concentration among the capital class
Based on historical data, the US has seen years with double-digit nominal GDP growth—notably during the post-WWII boom and recent extraordinary years. So, a 11% annual growth rate isn't entirely outside plausibility, especially with ongoing technological and monetary policies.
By 2045, the US might reach a $250 trillion nominal GDP, meaning Tesla's market cap, though enormous relative to today's standards, would only be roughly 200% of the US GDP, a manageable proportion given the ongoing rate of economic expansion.